If you can imagine a world without internet connectivity, life-saving medical equipment, clean water, food production, and transportation, you can imagine a world without an electric grid.
Unfortunately, our electric grid has not kept pace. Much of the equipment from the last century is still out there. While the Bipartisan Infrastructure Bill and the Inflation Reduction Act allocate about $29 billion for power grid upgrades, according to the World Resources Institute, that number is just a fraction of the needed grid funding. This stark reality underscores the urgent need for more substantial investment.
Building a 21st-century grid requires broad collaboration. Together — utilities, regulators, government, industry, and consumers — have a unique opportunity to transform our grid infrastructure and address the growing demand for sustainable and resilient electricity. This means upgrading existing transmission lines to incorporate distributed energy resources and building new lines to bring energy from remote renewable resources to population centers.
The great news is that we’re innovating distribution grid technology right now that can help the country better manage its energy needs, modernize infrastructure, and ensure the energy transition to clean power is a smooth and successful one. Strategic investment in these new technologies can make a real difference by:In addition to exponential growth in electrical load, extreme weather events, such as hurricanes, prolonged heat waves, and intense storms, are becoming more frequent and severe.
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